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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jun 02, 1922
Page
30
The document presents the Federal Reserve Bank resources and liabilities in thousands of dollars. It lists asset categories, liabilities, and equity components as of a reporting date, outlining the balance sheet structure of the central bank.
The statement outlines the central bank's balance sheet detailing assets and liabilities. It lists holdings, securities, gold reserves, loans, currency in circulation, and banking system liabilities. The document reflects the Fed's financial position and liquidity tools.
A playful caption celebrates the return of a newborn hippo at the zoo and the public cheer it generated. The story notes visitors flocking to see the calf and staff sharing updates on its health and growth.
Boston wholesale lists varied apple grades with Baldwin and Northern Spy prices, beans peas and rice values, meal options, and feed staples. Also shows beef, pork cuts, poultry, and farm feed items with per hundredweight and per ton figures across multiple suppliers.
Frank E. Davis of the Maritime Association of the Boston Chamber of Commerce reports that September 12 has been reserved for the first hearing in New England rate differential cases. The ICC Chief Examiner Robert B. Quirk will preside in a U S Court room in the Post Office building as the port battle with Philadelphia and Baltimore is contested.
A fragmented OCR ledger lists bonds and securities across various issuers and markets. Entries reference NY Cen, Distillers, Erie, Duquesne, Am Sugar, Am Smelt, and several railway and steel issues with prices, percentages, and maturities interwoven throughout.
The Lockwood Legislative Committee in New York asked for all documents related to the proposed steel merger of Midvale Inland Republic Brier Hill and Steel and Tube. T. J. Chadbourne was summoned to present the papers before the committee.
Reading shows a garbled OCR page with numerous proper nouns and figures. The snippet hints at sports or realty listings, with mentions of Virginia, West Union, and various percentages and scores, but lacks coherent context or complete events.
A fragment listing various foreign bonds with issuing nations and dates. Mentions Argentina G7s 1931 Rep of Chile and related securities, including 5s 1952, 6s, and other issue notes with treasury and exchange references.
David Lemar known as the Wolf of Wall Street was indicted for grand larceny in the first degree and a bench warrant issued for his arrest. The charge stems from a complaint by Estelle Allison alleging he swindled her out of 680 dollars given to buy oil stock.
Investors are offered 40 million gilders Anton Jurgens margarine bonds due 1947 at 905 per bond yielding over 6.6 to maturity and over 7.65 if redeemed in 1928, with convertibility into common stock at 150 percent plus tax. Other issues include 4.75–4.90 tax exempt Lake County road bonds, 4.20 tax exempt Kansas City district bonds due 1941, and 5.25 tax exempt Shelby schol bonds dating 1922 mature 1925–1949.
Following a conference between the Building Trades Employers Association and the United Building Trades Council, city trade committees discussed tentative agreements for submission to the two major bodies. The branches may set terms locally but must be approved by both bodies. No timetable or hours agreement has been reached yet.
The Navy Department has arranged a broadcast of Chief Justice Taft from Arlington radio station at 9 p m Washington time Friday. The address will be carried on 2650 metres to reach Western Yale Clubs.
New York June 1 Thomas L Chadbourne announced a plan to unify the properties of Midvale Steel and Ordnance Company Republic Iron and Steel Company and Inland Company under Midvale The merged entity would form North American Steel Corporation with a possible new corporate name as stated in the release
The plan outlines that all existing obligations of the three companies will be assumed by a unified company. New preferred stock with a $100 par value, 7 percent cumulative, redeemable at $115 plus accrued dividends, and convertible over 12 years at a rate of five new common shares for four new preferred will be issued. Common stock will be no par. All assets go to the unified company except the Nicetown plant which will transfer to a separate, $500,000 parless-capital entity. Plan notes Midvale participation in the new stock.
The degree of Bachelor of Laws was conferred on 23 graduates at the Por tia Law School’s 11th annual commencement held in Ford Hall last evening.
Company stockholders will receive 7 percent new common stock and 25 percent stock in the company formed to take over the Nicetown plant. Republic Iron and Steel preferred stockholders get cash dividends to accrual date and 100 percent new preferred stock. Republic Iron and Steel common stockholders receive 25 percent new preferred stock at 95 a share and 70 percent new common stock. Inland Company stockholders receive a percentage in new preferred stock at 95 a share and 70 percent in new common stock. It aims to raise 20 million dollars in additional cash working capital from common stock sales. Negotiations continue for other properties, but Midvale’s outcome remains unsettled.
Public and Inland companies propose to proceed with merger plans financed by Kuhn, Loeb and Co.
Washington June 1. The Senate approved House Bill extending National Bank charters from 20 years to perpetual duration from next July 1 unless abrogated sooner. The House added a provision making charters perpetual, sending the measure to conference for final adjustment.
A bold claim from Philadelphia about possessing the world’s best baby hippo contrasts with Boston lacking any hippos. The text advocates removing hippos from rivals to let local children meet the humorous, plump hippo, described as the funniest and most playful.
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